33 projects

Nonperforming mortgage loans in Luxembourg and the EU during and after the COVID-19 crisis

Luxembourg is one of the countries with the highest household leveraging on private debt and mortgage loans. Important for financial stability the economy is to examine the extent to which the number of households that have not been able to service their mortgages has increased, as a result of the COVID-19 lockdowns and production disruptions. An important part of the problem is to study the extent to which banks in Luxembourg and the EU face a risk of increased nonperforming loans. If there is a problem with increased nonperforming loans, then one should examine policies that can tackle th...

Keeping our Eyes open on Developing Countries - Coping with Humanitarian and (illegal) Migration ...

As European countries restart their economies, they will also consider reopening their internal and external borders. What will they do with respect to countries where the Covid-19 is not yet under control? In particular, the control over external borders is expected to remain for a (much) longer period if developing countries are unable to contain the spread of the virus. European countries, with or without coordination, are likely to close their borders and restrict entry to people from Africa and other poor regions. Such restrictions would affect either the selection of the destination ...

Exit from confinement using online self-diagnostic

It is crucial to relaunch the economic activities in a way that the contamination risk does not increase too drastically. The idea is to identify for each employee the time when she/he could go back to their work, that can't be done online. The identification should be based on the self-diagnosis online tool designed in collaboration with medical researchers. For simplicity and minimum of risk, we shall suppose that a given combination of observable (for an individual) symptoms must be related to COVID. Thus, employees who has recently suffered from a simple flu and still have some remaini...

reZilience

Supply chains facilitate the flows of goods and services and as such they are at the core of ensuring economic prosperity. The resilience of supply chains is fundamental to the success of companies and even more importantly to the livelihood of societies. The current pandemic has exposed the vulnerabilities of our existing supply chains, and in this context work package 13, supply chains and logistics, of the COVID-19 task force is tasked, among others, with the assessing the state of supply chains in Luxembourg. At the moment, WP13 is developing a quick survey to gain basic insights into ...

Preferences through Twitter

People's deep preferences can affect economic growth, hamper economic recovery, and hinder social cohesion. This project aims to provide timely information about the change in people's preferences and attitudes due to the COVID19 crisis. We apply sentiment analysis to data sourced from social media, such as Twitter, to provide real-time data on ongoing social change. We propose to focus on the following aspects: life satisfaction, mental stress, trust in others and in institutions, loneliness, uncertainty about the future, populism and feelings towards globalization. We will aggregate the ...

Young People and COVID-19 (YAC) - Social, Economic, and Health Consequences of Infection Preventi...

Whereas adolescents and young adults are less affected by severe progressions of COVID-19, the measures to prevent and control the infection interfere disproportionally with their development. There are short-term and long-term impacts on their educational and professional careers and their psycho-social development (gaining autonomy from parents, building relationships). Non-intended negative social, economic and health consequences by the measures taken to prevent and control the COVID-19 pandemic are therefore particularly likely for young people. It is important to identify and understa...

MODVid -- Modeling the macroeconomic and distributional eects of Covid-19 and restarting scenarios

MODVid is a package of four complementary and interdependent projects aimed to inform public decisions fastly. The goal is to use better modeling tools to estimate consistent macroeconomic and distributional effects of the crisis and of restarting scenarios. We propose to use macroeconomic and microsimulation models available at STATEC or LISER (assuming a return to normalcy after the crisis) as well as to develop a model highlighting the risk of a systemic collapse of financial markets (no return to normalcy). In the assessment of the restarting strategy, a particular attention is devoted ...

COVID-19 related economic implications in Luxembourg: services industry robustness and commercial...

The proposed project seeks to understand crucial short- and medium-term economic impacts on and strategies of Luxembourg's commercial real estate industry (offices, hotels, large retail) as a proxy for its services industries' crisis resilience. Luxembourg is a small but open economy. The finance and advanced business services (FABS) are strategic industries and main contributors to Luxembourg's GDP. Close links between FABS firms (business ties, finance relationships) can amplify shocks in Luxembourg's economy. The likely damage done to the finance sector depends also on how flexible real...

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